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breaking news on the fiscal cliff talks. president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and there's no grown-ups in washington that will say time-out, stop the politics, let's have a compromise rather than continue to play the game through the press and hurt the country. >> more on this story in just a few minutes with our senior political analyst, david gergen. >>> a half million dollars, that's the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in a car accident this weekend that killed teammate jerry brown, jr. police believe brent was drunk wh
breaking news on the fiscal cliff talks. president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on...
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cliff talks. >> reporter: it's 23 days since the fiscal cliff deadline. it's 23 days since they met face-to-face to talk about how to avert it. this was a surprised meeting. nobody spotted boehner coming or going. nobody is saying much beyond two statements. the wording here is identical ending with this, the lines of communication remain open. the two men last spoke by phone on wednesday. on friday mr. boehner said the white house wasted another week for potential compromise. we don't know what prompted this meeting. for a first time in a while the two sides are agreeing on something even if it's the wording of their statement an keeping fight lipped. >> thank you. in today's meetings, is it a sign we're close to a fiscal cliff deal. i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and
cliff talks. >> reporter: it's 23 days since the fiscal cliff deadline. it's 23 days since they met face-to-face to talk about how to avert it. this was a surprised meeting. nobody spotted boehner coming or going. nobody is saying much beyond two statements. the wording here is identical ending with this, the lines of communication remain open. the two men last spoke by phone on wednesday. on friday mr. boehner said the white house wasted another week for potential compromise. we don't...
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something we were talking a lot about and stopped because the fiscal cliff insanity. that is. >> europe. europe has the potential to unravel this is not a decade-long agenda, this is actually within a year maybe, i don't know. it has the possibility of breaking apart, having a severe recession that will impact the u.s. economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the potential effect on our money, should we not be focusing on these other issues and somehow bulletproof our investments as it pertains to each one of these concerns. we talk about doubling up. >> we should make pay more attention to europe. the attention we're paying to the fiscal cliff is not actually productive. in fact, it is leading to polarization of positions that have to be negotiated in private, and the lesson here from washington, the better i like the fiscal cliff. liz: the talks were secret today. >> might notice the financial markets are not actually very volatile in response t
something we were talking a lot about and stopped because the fiscal cliff insanity. that is. >> europe. europe has the potential to unravel this is not a decade-long agenda, this is actually within a year maybe, i don't know. it has the possibility of breaking apart, having a severe recession that will impact the u.s. economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the...
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the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan president yugo chavez is returning to cuba for more cancer surgery. this time he is making sure a new leader is in place in case he doesn't return. he named the vice president as his choice for his choice in case something happens to him. he's scheduled to be swarn in for a new six-year term on january 10th. >>> some very sad news for fans of music superstar jenny rivera. they have found the wreckage of the private jet believing to be carrying the popular mexican-american singer and six others. the plane lost contact early this morning. so far, no cause has been given for that crash. >>> the menorah has been illuminated tonight, marking the start of hanukkah. >>> of course, no hanukkah celebration would be complete without the spinning dradel. >>> you're getting slammed right now by a major winter storm in the g
the last time the president and the speaker met in person to talk about the fiscal cliff was more than three weeks ago. >>> just after midnight on sunday gay couples in washington state made history. the voter approved referendum was signed into law on wednesday. >>> venezuelan president yugo chavez is returning to cuba for more cancer surgery. this time he is making sure a new leader is in place in case he doesn't return. he named the vice president as his choice for his...
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it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's going to happen. i hope it's large enough for people who want to see entitlement reform to vote for. the president has leverage but the republicans have leverage with the debt ceiling, hopefully cooler heads will prevail. theorist are coming forward on how to deal with this. it's a unique moment in history where every developed country in the world, economists on both sides of the aisle know the greatest threat of the country is fiscal solvency. the minority party is trying to leverage the president into doing something great for the nation. i hope the pres see the light. >> sen
it's beginning to feel like groundhog day in the talks of the fiscal cliff. both sides dug in, no agreement in sight and we're 23 days from the brink. join us to break down where it stands, two leader senators, charles schumer and bob corker. house speaker boehner said friday another week has been wasted. given president obama won the election and seems to have most of the political leverage, what's the realistic deal to be made in the next 23 days? >> first of all i think something's...
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the fiscal cliff talks, stuck in neutral. and, growing concern syria will use chemical weapons, against its own people. ♪ >> chris: with just 23 days to go, and more posturing than progress, will the white house and republicans cut a deal to avoid big spending cuts and tax increases? we'll talk with two senators on the front lines of the debate. democrat charles schumer, and republican, bob corker. then, the u.s. draws a red line. telling syrian president aassad not to use chemical weapons in the country's civil war. we'll discuss the intelligence and the possible fallout with israel's ambassador to the u.s., michael oren, a fox news sunday exclusive, plus the supreme court agrees to take up same sex marriage. we'll ask our sunday panel what the court is likely to decide, whether gays have a constitutional right to marriage. >>> and, a final farewell to my best friend, winston. all, right now, on fox news sunday. ♪ >> chris: and hello, again from fox news in washington. well, it is beginning to feel like ground hog day, i
the fiscal cliff talks, stuck in neutral. and, growing concern syria will use chemical weapons, against its own people. ♪ >> chris: with just 23 days to go, and more posturing than progress, will the white house and republicans cut a deal to avoid big spending cuts and tax increases? we'll talk with two senators on the front lines of the debate. democrat charles schumer, and republican, bob corker. then, the u.s. draws a red line. telling syrian president aassad not to use chemical...
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those who are in the market talk about the fiscal cliff every day. does the average consumer out there moms and pops, do they talk about the fiscal cliff? does it factor into their spending efforts? >> not really. that's a great question. and the answer is no, not really. what i think really is happening with the michigan numbers and the sentiment numbers is a little bit of optimism that followed on the back of the election process. and then it's settling back in that nothing's going to change. nothing is going to get better. nothing's happening in washington. there is no movement towards consensus on either side of the debate. people look at that and say what were we so optimistic about? i think the cliff will be more of an effect afterwards. but to go back to stewart's point, he's talking about 2% growth in spending. 2% consumer growth is probably going to produce a very weak gdp number. although we had a nice number on the boost, we'll have a horrible in the next quarter. which isn't great. that's really the point. 11% rise in fedex sales not goin
those who are in the market talk about the fiscal cliff every day. does the average consumer out there moms and pops, do they talk about the fiscal cliff? does it factor into their spending efforts? >> not really. that's a great question. and the answer is no, not really. what i think really is happening with the michigan numbers and the sentiment numbers is a little bit of optimism that followed on the back of the election process. and then it's settling back in that nothing's going to...
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about is the fiscal cliff. can you help us read the tea leaves. we heard from timothy geithner and he was asked, if you.n don' get higher tax rates on the rich and doing away with loopholes, exemptions, are you peepd repar go off the cliff? he said absolutely. the republicans with the counter proposals this week. how do you read all of this? >> please, you know as well as i do maria, what happens in the public when you have these intense negotiations going on is really -- is no reflection of what's going on in the negotiations at all. i think it's important that president and the white house and tim geithner and others obviously think it's important to keep up the possibility of going over the physical cliff to put maximum pressure on the republicans and the republicans are starting to talk about the possibility of holding up the debt ceiling come january or february. >> it's interesting you say this. you're focused on taxes and much of the conversation has been on taxes and raising rates and revenue. we're not
about is the fiscal cliff. can you help us read the tea leaves. we heard from timothy geithner and he was asked, if you.n don' get higher tax rates on the rich and doing away with loopholes, exemptions, are you peepd repar go off the cliff? he said absolutely. the republicans with the counter proposals this week. how do you read all of this? >> please, you know as well as i do maria, what happens in the public when you have these intense negotiations going on is really -- is no reflection...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you ave for ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear abou particularly if you care about your retirement. ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time,he company will opt to contribute a lump-sum payment once per year. this may not sound like a big change, but the move undermines the very idea of retirement savings. look, the attraction of a fox business is the idea that you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you average out your risks and your cost. i call it dollar cost averaging. but with ibm's new plan, the advantage of its lead disappears. this would not be such a big deal, but ibm is considered a leader
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you ave for ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear abou particularly if you care about your retirement. ibm overhauling its...
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all right, stocks closely watching the fiscal cliff talks. coming up, chief investment officer will tell us what will happen if there is a deal where if there is no deal. ashley: michael bloomberg crack a joke the only people buying egos. he could soon become one of those. as it everyday at this time, take a look at how oil is trading moving slightly lower even though the suggestion demand from china is off, oil down slightly by $0.10, 85.83 per barrel. tracy: it is time to make some money with charles payne. this hour he is looking at online networking site linked in. getting a little bounce, but has been on a tear. charles: this is a incredible stock. you put six flights out of business. i'm telling you right now. today part of the reason it is up, kind of odd, some sort of stock speculation mayor bloomberg may be interested in doing something, taking it over. even without that, this is a stock i like a lot. at least the third time this year my subscribers are in a stock. the latter earning report my two cents coby district by 100%, the sto
all right, stocks closely watching the fiscal cliff talks. coming up, chief investment officer will tell us what will happen if there is a deal where if there is no deal. ashley: michael bloomberg crack a joke the only people buying egos. he could soon become one of those. as it everyday at this time, take a look at how oil is trading moving slightly lower even though the suggestion demand from china is off, oil down slightly by $0.10, 85.83 per barrel. tracy: it is time to make some money with...
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. >> if the fiscal cliff budget talks fail to produce a deal, more than 2 million will lose their jobs after christmas. it would affect those who have been out of work more than six months. and another 1 million people will lose benefits during the three months at the beginning of 2013. president obama has announced he is committed to extending jobless benefits for another year. the governor has -- the government has spent $520 billion on unemployment extensions since 2008. many republicans do not support extending benefits without cutting other costs. and marilyn couples need not worry. attorney-general doug danziger said even if the high court comes down on the defense of marriage act, it will not impact marilyn's law. -- maryland because the law. >> what it could do, if it were to uphold that, which is unlikely, then it would continue to deny same-sex couples rights that come to them under the federal laws. for example, on tax returns. even though maryland has passed same-sex marriage, you cannot file federal tax returns as a married couple. that would stay in place. same-sex couple
. >> if the fiscal cliff budget talks fail to produce a deal, more than 2 million will lose their jobs after christmas. it would affect those who have been out of work more than six months. and another 1 million people will lose benefits during the three months at the beginning of 2013. president obama has announced he is committed to extending jobless benefits for another year. the governor has -- the government has spent $520 billion on unemployment extensions since 2008. many...
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plus, we'll talk fiscal cliff and debt ceiling with him. plus, one hatch of simpson-bowles. the erskine bowles half. the less dancing of the duo. why former chief of staff is growing more optimistic we'll be able to get a deal before the cliff dive. by the way, will he take a job in president obama's cabinet? i'll have that answer straight ahead. first, a look ahead at the president's schedule today. you can see it's michigan with the lunch time remarks. back to the white house before 5:00. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose [ male announcer ] zales is the diamond store. take up to an extra
plus, we'll talk fiscal cliff and debt ceiling with him. plus, one hatch of simpson-bowles. the erskine bowles half. the less dancing of the duo. why former chief of staff is growing more optimistic we'll be able to get a deal before the cliff dive. by the way, will he take a job in president obama's cabinet? i'll have that answer straight ahead. first, a look ahead at the president's schedule today. you can see it's michigan with the lunch time remarks. back to the white house before 5:00. [...
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. >> and speaking of tears, "saturday night live" spoofed the fiscal cliff talks this week in that opening skit. president obama says he is giving in to republicans to save boehner face. >> you know what, republicans, you win, okay? you get what you want, but you lee had man alone. you leave this poor, orange man alone. you okay? >> yeah. >> i can't hear you. >> yes, yes. >> there he is. >> good day. i'm andrea mitchell live in washington. well, there they were side-by-side, and for real they were in the white house this weekend. president obama taking his message of middle class tax cuts and tax increases for the rich to detroit today. just as michigan is facing a big vote against union organizing in a state long identified with the labor movement. joining me now for our daily fix, msnbc contributor and managing editor of "post politics.com". good day to you. well, first of all, the labor movement really on the ropes now in michigan of all places. michigan where detroit, of course, was the heart of the auto movement, the auto union, and now you've got a vote -- final vote is tomorrow as t
. >> and speaking of tears, "saturday night live" spoofed the fiscal cliff talks this week in that opening skit. president obama says he is giving in to republicans to save boehner face. >> you know what, republicans, you win, okay? you get what you want, but you lee had man alone. you leave this poor, orange man alone. you okay? >> yeah. >> i can't hear you. >> yes, yes. >> there he is. >> good day. i'm andrea mitchell live in washington....
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host: we are continuing our series, looking at different parts of the fiscal cliff talks. joining us now is robert levenson, a senior defense analyst at bloomberg government. let's begin with what secret -- with what sequestration means. caller -- guest: it is a funny term. if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where is it headed? caller: as we recall from last year, there was a crisis over raising the debt ceiling. republicans demanded some cuts from congress. they agreed to $1 trillion in cuts, they handed over $1.50 trillion to the super committee. because they failed to come up with a deal that could be approved by congress and the president, those automatic cuts go into effect, $1.20 trillion over 10 years. the first cut will go into effect on january 2 of 2013. host: how are the defense sequestration cuts being applied? are we sure? guest: we are not exactly sure, but the law says that every program a
host: we are continuing our series, looking at different parts of the fiscal cliff talks. joining us now is robert levenson, a senior defense analyst at bloomberg government. let's begin with what secret -- with what sequestration means. caller -- guest: it is a funny term. if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where is it...
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lou: on this broadcast we never talk about the fiscal cliff without referring to the incipient cause, there rid of it all, and that is why i believe it is entirely appropriate told the president accountable for the fiscal cliff because this is the only bullish and work here. it is this president who has decided to issue an ultitum. first on taxes and being raised on only 2 percent of the people. secondly, insisting that the bt ceiling issue be compounded with it all. this is without question an ultimatum, the consequences are his. what do you think? >> well, i am afraid that even though the consequences are his, the consequences for the economy will be his. i think he is betting, i think there is pretty god evidence right now that he is betting that he can win this argument because the media and his megaphone enable him t persuade the american people that the republicans will be the cause of the troubles that we will face if we go over the clf. lou: history is littered with examples of those to proceed and rationally so but came up against creative, energetic opposition that found a w
lou: on this broadcast we never talk about the fiscal cliff without referring to the incipient cause, there rid of it all, and that is why i believe it is entirely appropriate told the president accountable for the fiscal cliff because this is the only bullish and work here. it is this president who has decided to issue an ultitum. first on taxes and being raised on only 2 percent of the people. secondly, insisting that the bt ceiling issue be compounded with it all. this is without question an...
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fiscal cliff talks and a reserve meeting midweek could shift the markets, bri markets,. ringing the opening bell at the exchange, the financial services company blackrock. >>> hugo chavez returns to cuba to undergo another cancer operation. chavez left in the middle of the night just a day after telling his country the cancer was back. in is his fourth surgery since being diagnosed with cancer last year. >>> today former south african president nelson mandela is facing a day of medical tests in the hospital. the 94-year-old has suffered health problems in recent years. the nation's current president says mandela is doing well but offered no details on his condition. mandela is a nobel laureate who fought against racial segregation. >>> former republican presidential candidate newt gingrich isn't sounding too optimistic about his party's chances about winning back the white house in 2016, especially if it stays in its current form. in fact, gingrich thinks it's almost impossible if one particular candidate wins the democratic nomination. take a listen. >> if their competi
fiscal cliff talks and a reserve meeting midweek could shift the markets, bri markets,. ringing the opening bell at the exchange, the financial services company blackrock. >>> hugo chavez returns to cuba to undergo another cancer operation. chavez left in the middle of the night just a day after telling his country the cancer was back. in is his fourth surgery since being diagnosed with cancer last year. >>> today former south african president nelson mandela is facing a day...
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much more on the fiscal cliff and the republican messaging, if you can cll it that, perhaps tonight's broadcast. he egyptians revolting against the brotherhoo syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in ments. the unemloyment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. ♪ music body language-- without saying a word, it can tell you so much. like someone is having a stroke... know the sudden signs. learn f.a.s.t. f- face drooping a-arm weakness s- speech difficul t- time, time to call 911 immediately. the sooner they get to the hospital, the sooner they'll get treatment, and that can make a remarkable difference in their recovery. learn the body language, the suddenigns, and spot a stroke f.a.s.t. i can tell you that childhood is a magical time. but for children with diabetes, life is not quite so carefree. the barbara davis center for childhood diabetes is fighting ha
much more on the fiscal cliff and the republican messaging, if you can cll it that, perhaps tonight's broadcast. he egyptians revolting against the brotherhoo syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in ments. the unemloyment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. ♪ music...
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. >>> brit brit hume brings his fiscal cliff analysis to table later. up next, rebels say syria's government is already using chemical weapons. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. because helps you keep doing what you love. no wonder it's america's #1 selling pain reliever. you took action, you took advil®. and we thank you. prego?! but i've bought ragu for years. [ thinking ] wonder what other questionable choices i've made? i choose date number 2! whooo! [ sigh of relief ] [ male announcer ] choose taste. choose prego. >> bret: activist in syria say rebels captured parts of another large army base in the north. that tightens their grip on areas close to the turkish border. back in the u.s., the government is moving closer to making a decision about one faction in the opposition forces. there are inc
. >>> brit brit hume brings his fiscal cliff analysis to table later. up next, rebels say syria's government is already using chemical weapons. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. because helps you keep doing what you love. no wonder...
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solution -- spending cuts combined with an increase in tax revenue. >> talks about the fiscal cliff and the meeting between president obama and john boehner -- >> the president is trying to do two things. he is trying to both reopen negotiations, direct negotiations between him and the house speaker, the deal be struck between them. at the same time he is going to michigan tomorrow, where he will make the same case to autoworkers, the same types of middle-class people who helped him get elected in the industrial midwest. >> democrats are seen to have the most leverage in negotiations. it seems the options for republicans are narrowing. >> president obama has said he will not make a deal without an increase in the tax rates on people who make more than $250,000, which is something that republicans refuse to do. they want -- do not want to raise tax rates on anyone. as senator corker of tennessee said -- president obama holds the cards. >> what do you think his opinion represents? is this just one senate republican, or does this show kind of a shift in attitude among republicans? >> it ce
solution -- spending cuts combined with an increase in tax revenue. >> talks about the fiscal cliff and the meeting between president obama and john boehner -- >> the president is trying to do two things. he is trying to both reopen negotiations, direct negotiations between him and the house speaker, the deal be struck between them. at the same time he is going to michigan tomorrow, where he will make the same case to autoworkers, the same types of middle-class people who helped him...
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at the end of the day we've been talking about the fiscal cliff for a long time. you think they would have been working on this. >> they had been. >> they can't get it together. >> look, think if you were a small business. you have ten employees, right? you're just trying to weather, you know, demand that's down. you're trying to implement health care reform. you're trying to do all these other things and waiting for congress to fix the fiscal cliff and it hasn't quite happened yet. i mean what do you -- what do do you? i don't even know what some of these folks can do. >> can we switch gears? >> yeah, let me tell you about the fcc? >> sure. >> do you want to talk on your phone on the plane? >> yes, i do. >> i'm not sure i want everybody else to talk on the plane. >> put on the head phones. >> the top person at the fcc, the fcc chairman said on friday that the faa's policy on in-flight electronics bans is in question. 20 years of research doesn't show any kind of messing up with the planes and navigation of the systems. why is it in place? i think we're moving dow
at the end of the day we've been talking about the fiscal cliff for a long time. you think they would have been working on this. >> they had been. >> they can't get it together. >> look, think if you were a small business. you have ten employees, right? you're just trying to weather, you know, demand that's down. you're trying to implement health care reform. you're trying to do all these other things and waiting for congress to fix the fiscal cliff and it hasn't quite...
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[talking over each other] dennis: fiscal cliff. why hampton restaurants are slashing prices and selling fast before the end of the year. cheryl: also ahead, why the solar industry fell. your west coast minute coming up. dennis: first, let's take a look at treasuries. ♪ >> i am tracy byrnes with your fox business brief. a new report led u.s. to believe that the china will have the largest economy by 2030. globalization and the environment. aig has struck a deal with a chinese consortium to sell nearly all of its airline. it will buy just over 80% for more than $4.2 billion. with the option of buying nearly 10% more of the business. reportedly to be the worst since the financial crisis in 2008. the average bonus this year will be $101,000. that is down 60.5% from last year. that is the latest from the fox business network. giving you the power to prosper. ♪ get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] be
[talking over each other] dennis: fiscal cliff. why hampton restaurants are slashing prices and selling fast before the end of the year. cheryl: also ahead, why the solar industry fell. your west coast minute coming up. dennis: first, let's take a look at treasuries. ♪ >> i am tracy byrnes with your fox business brief. a new report led u.s. to believe that the china will have the largest economy by 2030. globalization and the environment. aig has struck a deal with a chinese consortium...
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the fiscal cliff dominated the sunday talk shows. senator dick durbin on "meet the press" yesterday saying no deal on the debt without a tax hike on the wealthy. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem. we cannot allow their reckless position to drive this economy into another recession. >> and senator bob corker argues it might be better to agree with what the president wants to do now on taxes, and then fight later on spending. >> if we were to pass, for instance, raising the top two rates and that's it, all of a sudden we do have the leverage of the debt ceiling and we haven't given that up. >> joining us now house majority whip kevin mccarthy. not everybody, i don't know, depends on where you're sitting i guess, congressman, "the wall street journal" says republicans shouldn't be negotiating with themselves. they ought to be talking to spoorker boehner. is it helpful? >> is it helpful what the others are saying? look, is raising the rates going to solve the pro
the fiscal cliff dominated the sunday talk shows. senator dick durbin on "meet the press" yesterday saying no deal on the debt without a tax hike on the wealthy. >> i can tell you i don't want to do it, the president doesn't want to do it but we need to solve the problem. we cannot allow their reckless position to drive this economy into another recession. >> and senator bob corker argues it might be better to agree with what the president wants to do now on taxes, and...
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it's not even being talked about in this country as part of the fiscal cliff. what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little bit behind the scenes. all i'm doing is paying attention to what's going on out there. i don't have the inside information or anything. but it has to be done. it has to be fixed. and i assume it will be. and i often quote churchill. maybe even on your show once, bill. that said americans always do the right thing but only after they've tried everything else. so we've tried everything else. that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it o
it's not even being talked about in this country as part of the fiscal cliff. what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little...
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host: we are continuing our series, looking at different parts of the fiscal cliff talks. today we want to focus on sequestration. joining us now is robert levenson, a senior defense analyst at bloomberg government. let's begin with what secret -- with what sequestration means. term. if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where is it headed? caller: as we recall from last year, there was a crisis over raising the debt ceiling. republicans demanded some cuts from congress. they agreed to $1 trillion in cuts, they handed over $1.50 trillion to the super committee. because they failed to come up with a deal that could be approved by congress and the president, those automatic cuts go into effect, $1.20 trillion over 10 years. the first cut will go into effect on january 2 of 2013. host: how are the defense sequestration cuts being applied? are we sure? guest: we are not exactly sure, but the law says that every
host: we are continuing our series, looking at different parts of the fiscal cliff talks. today we want to focus on sequestration. joining us now is robert levenson, a senior defense analyst at bloomberg government. let's begin with what secret -- with what sequestration means. term. if you have looked it up on google 20 months ago, it would have something to do with coal and carbon, but this is about automatic cuts going into place known as sequestration. host: how did this come about? where...
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then a discussion on the role of lobbyists in those talks on the fiscal cliff
then a discussion on the role of lobbyists in those talks on the fiscal cliff
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you talk about the fiscal cliff. rg3's knee, that's the story in washington today. redskins fans holding their breath as griffin was helped off the field. backup, curt cousins. 36 seconds left. connecting with pierre garcon for the touchdown. cousins was running the two-point conversion, we're headed to overtime. headed for 28. just over 1:00 gone punting to richard crawford. he gets to the 10 yard line. sprints up the sideline. finally run down the field after a 64 yard run sets up a 34 yard field goal to try to win it. it's good! redskins come back 31-28. they move to 7-6. >> after the game of course everyone wants to know how's his knee doing? mri came back negative for a torn acl. the diagnosis of sprained right knee. >> you're a doctor too in addition to a lot of guys. >> renaissance man. >> 245es very good. >>> the giengts needing a win over the saints to hold onto the nfc east lead. first quarter giants down a touchdown. this is david wilson. slightly fast. the rookie from virginia tech finds a little daylight. gone. kicker, come on, harley. he tried. well, w
you talk about the fiscal cliff. rg3's knee, that's the story in washington today. redskins fans holding their breath as griffin was helped off the field. backup, curt cousins. 36 seconds left. connecting with pierre garcon for the touchdown. cousins was running the two-point conversion, we're headed to overtime. headed for 28. just over 1:00 gone punting to richard crawford. he gets to the 10 yard line. sprints up the sideline. finally run down the field after a 64 yard run sets up a 34 yard...
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>> people talk about the fiscal cliff as if it is one thing. it is three. there's the obamacare taxes. to pay for obamacare were delayed until after he got himself safely elected. so in the next decade there are a trillion dollars of higher taxes. five of those big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending restraint, sequester, which obama wants to put off. that would save 1.2 trillion over a decade. he wants to put it off and spend the 1.2 trillion. melissa: all true but, you know what? at this point it seems like it is not resonating with the averaae american. go out and look at polls. quinnipiac said 77% of all republicans think it is a bad idea for lawmakers to promise never to raise taxes. >> no, no, read that poll. melissa: reading it verbatim. >> the question was, should you not raise taxes on the high income earners, whatever. melissa: to never raise taxes on wealthy under any circumstance? >> okay. the pledge of
>> people talk about the fiscal cliff as if it is one thing. it is three. there's the obamacare taxes. to pay for obamacare were delayed until after he got himself safely elected. so in the next decade there are a trillion dollars of higher taxes. five of those big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending restraint, sequester, which obama wants to put...
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as you know, the talk about the fiscal cliff. some people say it is a slope. some people say it is a bungee jump. some people say it is a skateboard trek. it is going to go down and then up and and so forth. the bottom line, i think it is no way to govern. it is a giant mistake to have all of this in a pool of ambiguity. as i understand it, now, you would know more, it truly is a stalemate. they are not talking. >> you point out, it is the same players. i think you will agree the players that matter most are the president, speaker finger. what we know about their personal -- speaker john boehner. what we know about their personal relationship right now? >> it started out last year when they were working on the debt ceiling. it was called the merlo and the correct meeting. in other words, john boehner would have a merlo and obama would chu nicolette's. -- chew nicorettes. and they had iced tea for obama. of course, john boehner had his cigarette and put his cigarette in the ash tray away. they have not closed the deal. -- close to the deal on the personal relat
as you know, the talk about the fiscal cliff. some people say it is a slope. some people say it is a bungee jump. some people say it is a skateboard trek. it is going to go down and then up and and so forth. the bottom line, i think it is no way to govern. it is a giant mistake to have all of this in a pool of ambiguity. as i understand it, now, you would know more, it truly is a stalemate. they are not talking. >> you point out, it is the same players. i think you will agree the players...
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with all this talk about the fiscal cliff, what does it really mean for you, your money, and your safety. join us at 6:00. >>> in the rue search finds facebook may be tressing you out. people with friends from self different social circles are more likely to feel anxiety because of the pressure and expectations of the simultaneous audiences. 64% of people are friends with their exes, 56% or friends with their current significant other. that does it for us. thank you for joining us. the abc-7 news exclusive alarm clock epa is available for you android. here's a live look outside. captioned by closed captioning services inc. >>> this is "world news." tonight, the daring rescue. an american doctor from colorado taken hostage in afghanistan. lifted to safety by a special forces team in the middle of the night. tonight, we are learning one of the american warriors who helped save that doctor did not survive. >>> vanished. the breaking news tonight. the plane carrying a mexican american icon, a singer love bid so many americans,
with all this talk about the fiscal cliff, what does it really mean for you, your money, and your safety. join us at 6:00. >>> in the rue search finds facebook may be tressing you out. people with friends from self different social circles are more likely to feel anxiety because of the pressure and expectations of the simultaneous audiences. 64% of people are friends with their exes, 56% or friends with their current significant other. that does it for us. thank you for joining us. the...
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making progress encouraging news this morning about talks on avoiding the fiscal cliff. compromise that is could keep us from going over the edge. and a treat for the class ends up with students and a professor going to the hospital. what police say was in the brownies that made every body:30 thanks for joining us i am megan prinkeling. charley is -- pringle charley crowson is off we want to apology normally we are on at 4:30 and the first ones to do it in baltimore but this morning we suffered major technical difficulties and apologize for that and hope it didn't inconvenience you in anyway. we are back on the air and happy to bring you news weather and traffic so let's start off with weather because it's a big story this morning. in fact, kent county schools are on a 90 minute delay due to the fog this morning. what else is going on. >> we have drizzle out there. it's going to be dreary day. widespread fog across the area. and a dense fog advisory that is in effect until 9. you can see it for the areas here shaded in the gray color. this is our viewing area. and even o
making progress encouraging news this morning about talks on avoiding the fiscal cliff. compromise that is could keep us from going over the edge. and a treat for the class ends up with students and a professor going to the hospital. what police say was in the brownies that made every body:30 thanks for joining us i am megan prinkeling. charley is -- pringle charley crowson is off we want to apology normally we are on at 4:30 and the first ones to do it in baltimore but this morning we suffered...
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well when we talk about going over the fiscal cliff one of the things lawmakers on both sides of the aisle fear most are these massive cuts to the defense budget that would go into effect waiters in washington warn almost on a daily basis that these proposed reductions in defense will hurt national security and lead to another recession but there are some parts of this story that aren't being told are teaser mungle indo takes a look. with that fighter jets patrolling the skies. and well armed battleships sailing the seas the united states has amassed the strongest military force in the world but some in washington believe proposed cuts to the defense department would be devastating defense cuts that i believe would do real damage to our security our troops and their families and our military's ability to protect the nation in this age of austerity u.s. defense secretary leon panetta painted a doomsday scenario it proposed cuts in the military budget go into effect however even if these cuts go through many analysts believe american military spending will remain bloated i think a lot
well when we talk about going over the fiscal cliff one of the things lawmakers on both sides of the aisle fear most are these massive cuts to the defense budget that would go into effect waiters in washington warn almost on a daily basis that these proposed reductions in defense will hurt national security and lead to another recession but there are some parts of this story that aren't being told are teaser mungle indo takes a look. with that fighter jets patrolling the skies. and well armed...
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not only are they waiting for word on progress or talks on the fiscal cliff. also they are waiting to see whether or not federal chairman ben bernanke makes any comments about that. when he concludes at the conclusion of the two-day fed meeting occurring on tuesday and wednesday. again, dow industrials for the third day in a row looks like it is held to double digit range. today's range is about 56 points. let's look at a couple of dow movers. mcdonald's from the better than expected saim stores sells. weakness we are seeing in home depot along with other details sales numberes. but we continue to see strength in tech. dow and hewlitt packard with a possible break up of that firm. since november about the middle of november, when they hit a 52-week low, all of this despite weakness in apple, this group continues to perform very, very well. energy stocks higher earlier, drifting lower, that has the dow's lead from the highs of the session. lastly we want to note that dovert corporation, took the stock down a couple of points. >> no t.o. the nasdaq now, everybod
not only are they waiting for word on progress or talks on the fiscal cliff. also they are waiting to see whether or not federal chairman ben bernanke makes any comments about that. when he concludes at the conclusion of the two-day fed meeting occurring on tuesday and wednesday. again, dow industrials for the third day in a row looks like it is held to double digit range. today's range is about 56 points. let's look at a couple of dow movers. mcdonald's from the better than expected saim...
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finally they get face to face to talk about the fiscal cliff. what they're saying after the unscheduled meeting at the white house. >>> and the divas back this weekend on vh-1. adam lambert is hosting. we'll be joined by mr. lambert straight ahead. you're watching "starting point." we're back in just a moment. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! [ male announcer ] yes, it is. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared
finally they get face to face to talk about the fiscal cliff. what they're saying after the unscheduled meeting at the white house. >>> and the divas back this weekend on vh-1. adam lambert is hosting. we'll be joined by mr. lambert straight ahead. you're watching "starting point." we're back in just a moment. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose....
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on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the kabuki theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there tangoing you got a chance to get it done. >> glor: meanwhile urging both sides to get this done jeffrey immelt chairman of general electric spoke to charlie rose. >> i would say the business community almost universally speaks with one voice that this needs to get done and get done now. and moving it to next year is just failure. >> glor: you can see the full jeffrey immelt interview first thing tomorrow on cbs "this morning." >> big business is together in wanting to avoid the fiscal cliff. tonight randall pinkston with the worries of s
on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the kabuki theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there tangoing you got...
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first let's tackle the fiscal cliff. i'm beginning to hear a ton of blow back about how he talk about it too much. jim, give it a rest, will you? i'm getting a feel of how our rise above campaign is still warm, because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my mono vacati without legislation motto. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics. that's somethingsona that shouldn't even be discussed on air. i know everybody's hostage to washington these days. there's some trends that can trump the government, health and wellness maybe? breaking up is easy to do stories. better than expected retailers, in the end when it come to the fiscal cliff, to the longer we delay a deal or can't do a deal at all, it's worse for all the shareholders and the investors and the stock market. yes, a deal that does nothing, it simply keeps taxes where they are right now and doesn't cut entitlements, that
first let's tackle the fiscal cliff. i'm beginning to hear a ton of blow back about how he talk about it too much. jim, give it a rest, will you? i'm getting a feel of how our rise above campaign is still warm, because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my mono vacati without legislation motto. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics....
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he is in masked -- enmeshed about the talks about the fiscal cliff. with that, gene sperling. [applause] >> thank you very much, neera. it is intimidating to have followed your panel. i like to be the first person and the panel says, "gene sperling says --" the president of harvard and glenn hutchins and susan molinari, who is down at google and partners with my life on issues of child trafficking. a special place in our home. i know a lot has already been said. i have been herded so i don't know if i'll be repeating it. i like to start by just reminding ourselves what is our end goal for economic policy because you hear a lot metrics on productivity and growth as it those were the ends in themselves. are we a nation in which the accident of your birth is not overly to determine the outcome of your life where there is a real chance for everybody to rise? are we an economy where growth strengthens? are we an economy and a country where people who work hard and take responsibility for their lives can work with dignity, raised her children with dignity, and retire with dignity? t
he is in masked -- enmeshed about the talks about the fiscal cliff. with that, gene sperling. [applause] >> thank you very much, neera. it is intimidating to have followed your panel. i like to be the first person and the panel says, "gene sperling says --" the president of harvard and glenn hutchins and susan molinari, who is down at google and partners with my life on issues of child trafficking. a special place in our home. i know a lot has already been said. i have been...
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he talked about the fiscal cliff and the need a middle class families. on c-span3, discussion about iran's security program. all that tonight at 8:00 p.m. eastern. "washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy that is capable of having more winner take all outcomes. progressive taxation is not about redistribution. it is not about populism. it is about a national commitment to pay it forward. those of us who have benefited most from the innovation of the past seven obligation to pay for it to make sure we are giving this generation and the next generation the same building blocks in terms of education research so that they have the same chance to grow and prosper. in that sense, paying down deficits loss still investing is not about borrowing from the future. it is about investing in a more pr
he talked about the fiscal cliff and the need a middle class families. on c-span3, discussion about iran's security program. all that tonight at 8:00 p.m. eastern. "washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy...
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cliff. >> how likely is it we're going to see this fiscal cliff deadline be moved back? >> well, that was the talk. i remember last sunday telling you that congressman davis said there will be a downpayment, but now there seems to be a certain sense that look, we want to do something comprehensive. we want to do something maybe not dotting every i and crossing every t, but something big. the only other sticking point -- i don't want to be too much of a polly anna is this debt increase which the republicans feel they can hold the leverage. the debt increase of 16.3 trillion, that's going to be part of the deal, too are but when both parties get scared that they're going to be the blame or they're not going to be able to move forward and the stock market gets plummeting down, then you're going to see real action. i think this is a very good sign. now boehner has to sell it to his own caucus and the president has 90 liberals or left wingers that he has to sell his part of the deal to, too. >> last few seconds i want you to look into your crystal ball and let me know what yo
cliff. >> how likely is it we're going to see this fiscal cliff deadline be moved back? >> well, that was the talk. i remember last sunday telling you that congressman davis said there will be a downpayment, but now there seems to be a certain sense that look, we want to do something comprehensive. we want to do something maybe not dotting every i and crossing every t, but something big. the only other sticking point -- i don't want to be too much of a polly anna is this debt...
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back to the talks on the fiscal cliff. did you know this, that meeting, the president had with the speaker of the house, john boehner, just yesterday at the white house, that was their first face to face one on one meeting in more than a year. they did meet, yes, a couple of weeks ago, with several other members of congress, but it has been quite a while since the two men have negotiated one on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'l
back to the talks on the fiscal cliff. did you know this, that meeting, the president had with the speaker of the house, john boehner, just yesterday at the white house, that was their first face to face one on one meeting in more than a year. they did meet, yes, a couple of weeks ago, with several other members of congress, but it has been quite a while since the two men have negotiated one on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax...